KKR, Temasek acquire minority stake in real estate developer Vinhomes

Uploaded By:  Alyssa Divina Submitted By:  Staff Reporter Case Study:  No It was acquired for $907m (US$650m). Temasek, as part of a consortium led by US private equity firm KKR, has acquired a minority stake in real estate developer Vinhomes for $907m (US$650m), according to an announcement. The investment translates into a 6% equity stake in Vinhomes. KKR is making the investment primarily from its Asian Fund III, whilst Vingroup will still hold a controlling stake in Vinhomes. Credit Suisse Singapore acted as sole financial advisor to Vingroup.